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3 years ago

Vin Diesel owns the Fredonia Barber Shop.

Business

1 answer:

maks197457 [2]3 years ago

8 0

Answer:

(a) $5; $7,000

(b) 1,400 haircuts ; $ 14,000

(c) $1,000.

Explanation:

Barber's base rate (4 × 1,250) = $5,000

Total Fixed cost (TFC):

= Barber's base rate + Manager's salary + Advertising + Rent + Utilities + Magazines

= $5,000 + $500 + $200 + $1,100 + $175 + $25

= $7,000

(a) Variable cost per hair cut = 4.50 + 0.20 + 0.30

= $5

Contribution margin per unit = 10 - 5

= $5

(b) Break-even point in units:

= Total fixed cost ÷ contribution margin per unit

= 7,000 ÷ 5

= 1,400 haircuts

Break-even point in dollars = 1,400 × 10

= $ 14,000

Net income = (No. of haircuts × Contribution margin per unit) - TFC

= (1,600 × 5 ) - 7,000

= $1,000.

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Answer:

opinion leaders

Explanation:

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3 years ago

Mr Doolittle has Medicare Parts A and B coverage . He was well during the entire past year. On January 1 , Mr. Doolittle is rush

DerKrebs [107]

The completion of the following Medicare mathematical calculations by putting in the correct amounts is as follows:

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Courtesy adjustment is the write-off of a part of the medical bills to reduce the payment burden on the patients not fully covered by Medicare.

<h3>Data and Calculations:</h3>

Original bill = $450

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<h3>Question Completion:</h3>

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1 year ago

troy has $1,250 in an account that pays simple interest of 8% annually b9w much interest will trot have earned by the end of the

VikaD [51]

Answer:

$100

Explanation:

Simple interest is calculated using the formula

I = P x R x T

where I = interest

P= principal amount, $1,250

R= interest rate , 8% or 0.08

T = Time, one year

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3 years ago

When the government eliminates artificial barriers to entry Select one: a. more firms will enter the market. b. prices to consum

bonufazy [111]

Answer:

The answer is A.

Explanation:

Barriers to entry deter firms from entering the market freely. Barriers to entry encourage imperfect market like monopoly or oligopoly. In imperfect market, that are characterised by barriers to entry, there will be little or no competition, price are determined by the suppplier. Also here, price will be at the discretion of the supplier.

But if all barriers are removed, there will be many firms entering the market, this will encourage more competition and will eventually drive price down.

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3 years ago

Mortar Corporation acquired 80 percent of Granite Corporation's voting common stock on January 1, 20X7. On December 31, 20X8, Mo

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Answer:

Following are the solution to this question:

Explanation:

In point a:

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10 Days of Existence

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2 years ago